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Recent Articles from Katherine Schulte
Third-party logistics company to expand in Pulaski County
Wytheville-based third-party logistics company Camrett Logistics will invest more than $2 million to expand in Pulaski County, creating an estimated 58 jobs, Gov. Glenn Youngkin announced Tuesday. Camrett Logistics’ investment in its Dublin facility will include construction, renovating existing space and buying new forklifts and electric trucks. “Homegrown Virginia businesses like Camrett[...]
NNS funding helps launch ODU engineering program
Newport News Shipbuilding will be the lead industry sponsor of Old Dominion University’s program to graduate more engineers, the two organizations announced Tuesday. NNS, a division of Newport News-based Fortune 500 military shipbuilder Huntington Ingalls Industries, will make a five-year financial commitment to the Monarch Accelerator Program to Engineering (MAP-to-E), ODU’s program t[...]
20-unit Daleville apartment complex sells for $2M
A 20-unit apartment community in Botetourt County sold Tuesday for more than $2 million. Located at 151 College Drive in Daleville, the property’s first buildings were built in the early 1900s as a school, which was later affiliated with Bridgewater College before closing in 1933, according to Cushman & Wakefield | Thalhimer. The Daleville College […]
September Va. housing market slowest in over a decade
Virginia’s housing market last month was the slowest September the state has had in more than a decade, according to a Virginia Realtors report released Friday. Virginia home sales in September dropped 21.1% from the same month last year. Home sales totaled 8,023 last month, down 2,149 home sales compared with September 2022. The September […]
Fed’s Fifth District economy shrinks slightly
The economy in the Federal Reserve‘s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) contracted slightly in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions g[...]
HII secures $244M software integration contract
A McLean-based division of Huntington Ingalls Industries received a $244 million contract integrating software for the Navy, Marine Corps and Coast Guard, the Newport News-based Fortune 500 military shipbuilder announced Tuesday. Under the five-year, Naval Air Systems Command task order, HII’s Mission Technologies division will perform research, development, testing and evaluation to help in[...]
Amentum wins $327M Army contract
Chantilly-based federal contractor Amentum Services has won a U.S. Army contract worth up to $326.9 million, the company announced Monday. Under the five-year contract, Amentum will engineer, integrate and test prototype technologies for the Army’s command, control, communication, computers, cyber, intelligence, surveillance and reconnaissance (C5ISR) systems. The contractor will provide tec[...]
LL Flooring receives $194M acquisition proposal
Las Vegas-based holding company Live Ventures has submitted a proposal to acquire Henrico County-based hard-surface flooring retailer LL Flooring Holdings for approximately $194.4 million in cash. Live Ventures, which specializes in the retail and flooring industries, published Thursday the letter sent by its president and CEO, Jon Isaac, to the LL Flooring board the previous […]
Virginia Tech receives $10M gift for endowed scholarship
Preston White, the founder of Virginia Beach-based concrete contractor Century Concrete, and his wife, Catharine, have donated $10 million to Virginia Tech to create an endowed scholarship, the university announced Tuesday. The Whites’ latest gift to Tech, the Preston and Catharine White Endowed Diversity Scholarship, will eventually provide scholarships of $5,000 to $7,500 to about [&hellip[...]
Atlantic Union CEO tapped as American Bankers Assoc. chair-elect
Atlantic Union Bankshares CEO John C. Asbury is the 2023-2024 chair-elect for the American Bankers Association. ABA announced its new board officers and directors on Tuesday, following its annual convention in Nashville, Tennessee. Asbury was the ABA’s 2022-2023 vice chair. He’s a past chairman of the Virginia Bankers Association and the Mid-Size Bank Coalition of […]
